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DALLAS (AP) — DALLAS (AP) — Ashford Hospitality Trust Inc. (AHT) on Tuesday reported a loss in funds from operations in its fourth quarter, after reporting a profit in the same period a year earlier.
The real estate investment trust, based in Dallas, said it had a funds from operations loss of $12.4 million, or $2.21 per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $131.1 million, or $23.83 per share.
The hotel owner posted revenue of $275.5 million in the period.
For the year, the company said funds from operations losses widened to $23.1 million, or $4.84 per share. Revenue was reported as $1.17 billion.
The company's shares have climbed 16% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AHT at https://www.zacks.com/ap/AHT